JP Morgan borrowed $240bn in fed funds and repo markets in Q3

Over a third quarter characterised by dramatic swings in overnight repo rates, JP Morgan tapped money markets for $239.7 billion, up 30% on a year ago.

The average cost of the federal funds purchased and repo conducted by the bank for Q3 was 2.05%, down from 2.16% in Q2 but up from 1.78% the same quarter a year ago.

Fed funds loaned and reverse repo agreements averaged $276.7 billion, down 4.18% on the quarter but up 32.76% on the year. The average yield on these loans was 2.21% for Q3,

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: